SUMMARY
- Playbook Partners raises over $130 million in the first close of its growth capital fund, aiming for a total of $250 million.
- The firm, led by Vikas Choudhury, invests in tech-enabled businesses with strong growth potential and positive unit economics.
- The fund’s senior team and notable operating partners include industry leaders investing through family offices or personally.
Growth capital firm Playbook Partners has successfully marked the first close of its new growth capital fund, raising over $130 million from a diverse group of global investors across Europe, the US, the Middle East, and India. The fund, which includes a green shoe option, has the potential to expand up to $250 million.
Playbook Partners, founded and led by Vikas Choudhury, aims to invest in growth-stage, tech-enabled businesses operating in large, addressable markets. The firm focuses on companies demonstrating positive unit economics and sustainable growth toward market leadership. By combining capital with strategic capability, Playbook supports businesses through a data-driven approach that emphasizes digital transformation themes like distribution, disruption, innovation, and driving consumption in aspirational markets across India.
Vikas Choudhury, who leads the firm, brings a wealth of experience with investments in prominent companies, including 10 unicorns and numerous successful IPOs and exits, such as inMobi, Myntra, Fractal, Nazara, PolicyBazaar, and Rapido.
The senior investing team at Playbook Partners includes Dushyant Singh and Sumit Jain. Additionally, its operating partners comprise influential figures like Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education), and Milan Sheth (formerly of Automation Anywhere), who have invested through their family offices or in a personal capacity.
The fund aims to partner with high-growth, tech-enabled companies that align with its vision of driving digital innovation and transformation across key sectors in India.
